Mason City, Iowa Income Statistics
Mason City Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Mason City Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mason City | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,646 | $75,133 | $80,455 |
| Median Personal Income | $51,396 | $57,332 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.0% | 4.8% |
| Six-Figure Earners | 7.1% | 10.5% | 13.9% |
| $200k+ Households | 4.3% | 8.6% | 13.2% |
The median household income in Mason City is about 15% lower than in Iowa. Income has been growing faster in Mason City (4.4%/yr) than in Iowa (4.0%/yr).
About 7% of adults in Mason City earn six figures ($100,000 or more) a year, lower than the Iowa average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Mason City, Iowa grew by 58.6% from 2009 to 2024, reaching $63,646 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Mason City
| Metric | Mason City | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.472 | 0.510 | 0.552 |
| Male Median Income | $61,452 | $66,524 | $69,667 |
| Female Median Income | $47,152 | $52,524 | $56,850 |
| Gender Pay Gap | 23.3% | 21.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Mason City, it is 0.472, lower than Iowa's 0.510, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 30% more than women's income in Mason City, Iowa. Over a 35-year career, a 30% wage gap accumulates to roughly $500,500 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mason City, Iowa has narrowed from about 31% to 23% in 2024. Over that period the gap was narrowest at 21% in 2014. In dollar terms, the gap has widened by $1,842 since 2009.
Employment
| Metric | Mason City | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 3.6% | 5.2% |
| Working from Home | 4.2% | 11.3% | 15.0% |
| Commute time (minutes) | 11 | 16 | 22 |
Approximately 328 people are unemployed in Mason City, Iowa.
The average commute time in Mason City is 11 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mason City, Iowa has fallen from 7.2% to 3.1% in 2024.
Conclusion
Considering all these factors, Mason City, Iowa has an overall wealth index grade of C, making it about on par with Iowa, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mason City, Iowa.
How Rich Is Mason City, Iowa?
Mason City has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $63,646, about 15% lower than the Iowa average of $75,133.
How has median household income changed in Mason City, Iowa?
Between 2009 and 2024, the median household income in Mason City, Iowa rose 59%, from $40,121 to $63,646. Over the same years, income here outpaced Iowa as a whole: +59% against +56%.
What was the median household income in Mason City in 2023?
In 2023, the median household income in Mason City, Iowa was $61,486, up 2% from $60,068 in 2022. The Iowa median that year was $73,347.
What was the median household income in Mason City in 2020?
In 2020, the median household income in Mason City, Iowa was $52,035. By 2024 it had risen 22% to $63,646.
What is the Gini coefficient in Mason City, Iowa?
The Gini coefficient in Mason City is 0.472. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Mason City, Iowa?
Since 2009, the income gap between men and women in Mason City, Iowa has narrowed from about 31% to 23% in 2024. Over that period the gap was narrowest at 21% in 2014. In dollar terms, the gap has widened by $1,842 since 2009.
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